Jan 15, 2013 6:00am PST
towards the country's spending limit once again, folks. you know what that means. talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> ye
Jan 20, 2013 10:00am PST
the next four years extremely difficult from a governing standpoint. let's talk about it with chris wilson, a republican consultant, former executive director of the texas republican party and the president of new heights communications. kristi, to you first. candidate obama in 2008 promised to cut the deficit in half by the end of his first term. that hasn't happened. how about by the end of his second? >> well, john, i think what's important to remember is that as president obama is starting his second term, he's doing so in a remarkably strong position with high approval ratings and a great record in his first term. when he started, as we all know, the economy was in the ditch. he was able to successfully get us out of that at the point where last week the u.s. stocks closed at their highest level in five years and was able to pass historic health care legislation. by contrast, republicans have their ratings in the toilet. what that means is that there's probably -- it's going to bode well for their ability to compromise with him and for the president to get a second term agenda passed.
Jan 18, 2013 8:00am PST
in our d.c. bureau. james, we talked about this as a very fluid, very dangerous situation. what do we now know? >> reporter: jenna, good afternoon. white house officials are now saying president obama is receiving regular updates on this situation which remains as you say ongoing and sensetive. the numbers involved here have varied wildly with the latest from algeria's state news service now saying nearly 100 of 132 hostages seized have been freed. that word comes after algerian security forces launched a helicopter assault on the complex yesterday. 18 of the islamist militants have been reported killed. however there are reports two filipino hostages have died. earlier today britain's prime minister confirmed the death of one britain. he said london received no advance notice of the helicopter raid. >> when i spoke to the algerian prime minister later last night he told me this first operation was complete but this is a large and complex site and they are still pursuing terrorists and possibly some of the hostages in other areas of the site. the algerian prime minister has just told me t